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a major, new bold investment program, going into a new market, expanding a new technology, ect., you are worried about what the tax rate will be when that's generates cash in nine years. the best thing to do is create a lower rate, an expectation that there's not giant tax increases later. >> i agree with that. i think we should do in, but, a, you know we have the highest statutory right and no higher than average effective rates because we have the narrowest base of owl corporate income in the world. >> yeah. >> one of the reasons we have that system is because people like us argued for many years that the more efficient thing, the more, the better way to encourage investment was not to cut the corporate rate, but to have massively accelerated depreciation, expansion of investment, focusing on incentives rather than cutting the rate overall. i think the intuition is changing, but the way we're going it cut the rate is not by closing loopholes, but come out a painful expansions of the base like getting rid of accelerated depreciation and things which have a value so i think -- >> is
, the peaceful march across the world across the parched land and the dense rain forest of the congo. technology is transforming thicks. everything is speeding up. everything is opening up. now if i can talk about something i actually know about for a moment. this feeling reminds me a little bit maybe more than a little bit of the arrival of punk rod in the '70s. you see, the clash or the baffs of the rock and roll pyramid, and overnight gave the finger to the dreadful business, the top of the pyramid, it was called progressive rock. open sick songs. no good lyrics. [laughter] great reviews. [laughter] punk bands made no pretends of being better than the audience. they were the audience. if you. ed to play, grab a guitar. energy was in. the clash like a public service announcement with guitars. and they gave u12 2u2 that social act vifm could make as a musical rite. i like to point out that none of your professor, not a single one has ever drawn or likely to draw the connection between the arab spring and the clash. [laughter] [applause] just a little intermission. and okay. sharpen your pencils
for innovation driven development. scientific and technological innovation provide strategic support for raising productive forces and the overall national strength. we must give it top priority over national development. we should powerpad civic innovation to catch up with global advances. we should increase capacities for making original innovation integrated for making photo innovation on the basis of observing advances and oversee science and technology companies greater instances on making motivation for collaboration. should deeply or from the system for managing science and technology to speed up the development of the national innovation system, which is a system of innovation in which surprised us play a leading role in enterprises university in the research institutes were together. it's a knowledge-based innovation system of science and technology projects and implement strategy concerning intellectual property rights. third, carry a strategic adjustments that economic structure. this is a major goal of accelerating the change of the growth model. we must strive to remove major struct
Search Results 0 to 2 of about 3